E*TRADE Financial Corporation (NASDAQ: ETFC) has released its metrics for the month ending January 2016, which was highlighted by an good performance in its volumes MoM, according to a recent E*TRADE Financial statement.
As per its latest metrics release, E*TRADE’s Daily Average Revenue Trades (DARTs) came in at 175,346 in January 2016, growing 18.7% MoM from 147,668 in December 2015. However, over a yearly timetable, E*TRADE’s performance was virtually congruent, as it saw its DARTs plunge rise marginally by a factor of 1.4% YoY from 172,944 in January 2015.
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In terms of brokerage accounts, E*TRADE notched an increase of 29,666 gross new accounts in January 2016 – this corresponds to a healthy uptick of 8.0% MoM from 27,472 newly added brokerage accounts in December 2015 – overall, this brings the company’s total accounts to roughly 3.2 million.
Moreover, E*TRADE also saw its customer security holdings come in at $190.4 million during January 2016, or -6.6% MoM from $203.8 million in December 2015.
Last month, E*TRADE also released its much anticipated Q3 earnings report, which showed the group’s net income plunge to -$153 million, or $0.53 per diluted share down from $292 million in Q2 2015. The earnings were substantially weighed down by the group’s intentions to eliminate $4.4 billion of wholesale funding obligations from its bank balance sheet by the end of Q3 2015.
Last month, E*TRADE’s customers received a new feature to help them with their stock analysis after the broker announced the integration of an analysts rating tool, TipRanks. TipRanks is a service that rates recommendations from stock analysts, aggregating information from thousands of individuals including professional analysts and advisors on financial trading sites.